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Trading Ideas for American Express Co. (NYSE) 14.01.2020

The resistance level of 129.00 holds back buyers. A bearish divergence is forming on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending structure, completing it.

Stop loss for the resistance level of 129.00.

Target levels - 123.10; 120.00.

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